Nazara plans ₹733.5 crore preferential issue to fund gaming expansion
Nazara Technologies has approved a preferential equity issue of up to 2.39 crore shares at ₹306 each, subject to shareholder and regulatory approvals. Proceeds are earmarked for acquisitions, gaming expansion, IP and AI-led development; Bluetile founder Raymond Albaladejo Stauffer is set to become CEO from September 1.
Nazara Technologies approved a ₹733.5 crore preferential issue to Bluetile and BestPlay founders and leaders, funding acquisitions, gaming expansion, IP and AI-led development. Bluetile founder Raymond Albaladejo Stauffer will invest ₹583.48 crore and become CEO from September 1, pending approvals.
Why this matters
The proposal extends Nazara’s recent gaming-growth financing pattern: related signals reported the ₹733.5 crore issue, Raymond Stauffer’s planned ₹583 crore investment and a potential 4.67% stake.
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